SolarCity Launches First-of-its-Kind Solar Service in Nevada

May 1, 2014 (Source: Globe Newswire) — SolarCity® (Nasdaq:SCTY) is launching its solar service in Nevada for the first time. The nation’s largest solar power provider will make it possible for many Las Vegas area homeowners to install solar panels for free and pay less for solar electricity than they pay for electricity from the local utility. SolarCity can allow Nevada homeowners to go solar for as little as $30 per month, with design, installation, financing, insurance, monitoring and a performance guarantee included.

SolarCity will begin taking the first orders from Nevada homeowners today. The company will participate in NV Energy’s SolarGenerations Program, which is currently expected to reopen in August. SolarCity expects to begin installing at the end of October and will accommodate customers on a first-come, first-served basis. The company will initially serve customers of NV Energy in the greater Las Vegas Area, including the cities of Las Vegas, North Las Vegas, Spring Valley, Winchester, Paradise, Henderson and Boulder City.

{

Get our daily investorintel update

Email address is invalid

Thank you for joining InvestorIntel daily email updates!

}

Area homeowners interested in SolarCity’s services can contact the company directly at 1-888-SOL-CITY (1-888-765-2489) for a free, no-obligation solar consultation or visit SolarCity online at www.solarcity.com/nevada.

SolarCity has already hired more than 400 people in Nevada, and plans to hire 400 more in the next year. Candidates interested in employment opportunities in Nevada can review available positions and contact SolarCity directly via its online jobs form at www.solarcity.com/careers.

Nevada has the potential to be one of the largest solar markets in America. The state receives among the greatest amount of direct sunlight of any state in the U.S., and Las Vegas is tied for third among the sunniest cities in the nation, according to the National Climatic Data Center.

About SolarCity

SolarCity® (Nasdaq:SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity currently serves 15 states and signs a new customer every three minutes. Visit the company online at www.solarcity.com and follow the company on Facebook & Twitter.

This release contains forward-looking statements including, but not limited to, statements regarding expected savings on energy costs, utility program timelines, installation timelines, future growth and future hiring. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. You should read the section entitled “Risk Factors” in SolarCity’s annual report on Form 10-K, which has been filed with the Securities and Exchange Commission and identifies certain of these and additional risks and uncertainties. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.